M M Forgings standalone net profit rises 16.23% in the March 2017 quarter

Sales decline 5.66% to Rs 115.56 crore

Net profit of M M Forgings rose 16.23% to Rs 12.75 crore in the quarter ended March 2017 as against Rs 10.97 crore during the previous quarter ended March 2016. Sales declined 5.66% to Rs 115.56 crore in the quarter ended March 2017 as against Rs 122.49 crore during the previous quarter ended March 2016.

For the full year,net profit declined 13.32% to Rs 43.42 crore in the year ended March 2017 as against Rs 50.09 crore during the previous year ended March 2016. Sales declined 5.85% to Rs 460.43 crore in the year ended March 2017 as against Rs 489.06 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales115.56122.49 -6 460.43489.06 -6 OPM %20.4620.86 -20.1422.09 - PBDT23.5225.41 -7 94.07105.10 -10 PBT13.8416.60 -17 55.1469.29 -20 NP12.7510.97 16 43.4250.09 -13

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